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The criminal justice system is governed by many rules, policies, and procedures; is organized in a hierarchy with clear lines of supervision of employees; requires substantial amounts of paperwork to document activities; and requires training of employees. Which of the five perspectives of criminal justice is this an example of?
Treasury Bill
Short-term, highly liquid government debt obligation issued at a discount from the face value and returning the face amount at maturity.
Par Value
The nominal value of a security stated by the issuer.
Effective Annual Yield
This refers to the real return on an investment, taking into account the effects of compounding interest over a year.
Yield To Maturity
The total return anticipated on a bond if the bond is held until its maturity date, including all payments of interest and principal.
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